Venezuelan state oil firm PDVSA has issued at least $310 million in debt to companies including General Electric Co ( GE.N ) as it negotiates private issuances to pay off its suppliers, industry sources told Reuters, stretching the finances of a company that bondholders already worry is on its way to default. The securities are not bonds but offer rights similar to those enjoyed by bondholders, and at least one issue offers dispute resolution via the Paris-based International Chamber of Commerce, according to one of the three sources, who cited a term sheet. This means that if PDVSA defaults, investors holding their bonds may find that there are more creditors competing for compensation than they had originally anticipated. The overall negotiations on private debt issuance, which were confirmed by seven sources, […]